Exemption from customs-duty leviable under First Schedule to the Customs Act, 1969 (IV of 1969) & Sa
SRO 320(I)/2001Exemptions and concessions
SRO 320(I)/2001 is a Sales Tax SRO dated 25 May 2001, listed by FBR as "Exemption from customs-duty leviable under First Schedule to the Customs Act, 1969 (IV of 1969) & Sa".
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GOVERNMENT OF PAKISTAN
MINSITRY OF FINANCE, ECONOMIC AFFAIRS
STATISTICS AND REVENUE
*****
Islamabad, the 25th May, 2001
NOTIFICATION
(CUSTOMS/SALES TAX)
S.R.O. 320 (1)/2001:- In exercise of the power conferred by sub section (1) of section 19 of the Customs Act, 1969 (IV of 1969), and clause (a) of sub-section (2) of section 13 of the Sales Tax Act, 1990, the Federal Government is pleased to exempt from the whole of customs-duty livable under the First Schedule to the Customs Act, 1969 (IV of 1969), and sales tax chargeable on such sport goods or goods usable in or in connection with sports excluding vehicles as are imported by or on behalf of the 9th SAF Games Organizing Committee for exclusive use in the 9th SAF Games’ event subject to the following conditions, namely:-
Only such goods shall be allowed exemption under this notification as are certified by the Chairman, 9th SAF Games Organizing Committee;
The goods cleared under this notification shall be exclusively used in connection with the event of the 9th SAF Games being held in Pakistan from the 6th October; 2001, to the 15th October, 2001;
The goods shall not be sold or otherwise disposed off without prior permission of the Central Board of Revenue and without payment of customs-duty and sales tax chargeable thereon;
In case the goods are completely consumed during the event of the 9th SAF Games or otherwise destroyed or wasted or are freely distributed to the sports persons, the Chairman, 9th SAF Games Organizing Committee shall issue a proper certificate about such disposal of the goods and send a copy of such certificates each to the concerned Collector of Customs and the Central Board of Revenue; and
On the conclusion of the 9th SAF Games, the Chairman, 9th SAF Games Organizing Committee shall inform the Central Board Revenue whether or not the goods will become property of the Pakistan Sports Board, or these will be distributed to different sports organizations of the Pakistan Armed Forces, of these will be handed over to any authorized Government department or institution of to the Sports Endowment Fund as and if established by the Chairman, 9th SAF Games Organizing Committee for further disposal as may be approved by the Central Board of Revenue.
The Federal Government is further pleased to direct that exemption from payment of sales tax shall also be admission on supply of taxable goods specified herein above if the same are procured, purchased or otherwise received from any local registered manufacture, registered supplier, sponsor or any other source, and the conditions specified herein above shall mutatis mutandis apply on such supply of goods.
Exemption from payment of customs-duty and sales tax under this notification shall not be available after the 15th October, 2001.
[F.C.No.17 (23) 92-Cus Exp.]
[F.C.No.1/1-STT/2001]
(DR MANZOOR AHMAD)
Additional Secretary
Which later SROs refer to this one?
SROs whose FBR title names SRO 320(I)/2001, usually to amend or rescind it.
- SRO 749(I)/200129 October 2001Amendments in Notification No. S.R.O. 320(I)/2001 dated May 25, 2001
Related Sales Tax SROs on exemptions and concessions
- SRO 396(I)/200118 June 2001Exempt payment of the whole amount of penalty chargeable under section 33 thereof, for any of the ta
- SRO 394(I)/200118 June 2001Exemption from sales tax subject to specified conditions
- SRO 392(I)/200118 June 2001Exemption of the whole amount of Sales Tax in excess of that liable to be paid at the rates specifie
- SRO 390(I)/200118 June 2001Exemption of Customs-duty leviable under the First Schedule to the Customs Act, 1969 (IV of 1969), a
- SRO 338(I)/200131 May 2001Exemption to manufacturers of urea fertilizer from payment of specific amounts
- SRO 328(I)/200129 May 2001Exemption from payment to M/S Nishat Mills Limited, Nishatabad, Faisalabad, subject to specific reas